Trade idea - GBPUSD Long1H
Corrective approach towards entry zone.
Market moving in descending channel towards entry zone. Bears getting tired.
-68 Fibonacci completion aligning with entry zone.
= Buy limit.
1% risk.
Swingtrading
AUDCAD May Keep Going Higher 🇦🇺🇨🇦
AUDCAD set a new higher high higher close on a daily,
after a release of the yesterday's US fundamentals.
The pair successfully violated a resistance line of a wide horizontal range on a daily.
We can expect a further bullish continuation now.
Next resistance - 0.918
❤️Please, support my work with like, thank you!❤️
Swing Trading Setups: TWSTThis is a stock that went on my students' watchlists this week for potential swing trading.
NASDAQ:TWST is coming out of a long-term down-trending correction and has completed the bottom. Accumulation ended and a HFT gap and run up followed on May 3rd. The stock retested the sideways trend highs which are now support for the current price.
Pro traders are swing trading in these patterns. There are fewer wicks and tails and the stock has a very high Percentage of Shares Held by Institutions.
Nasdaq - Soon heading to $30.000?Hello Traders and Investors, today I will take a look at the Nasdaq .
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Explanation of my video analysis:
For more than a decade, the Nasdaq index has been trading in a rising channel formation with the last retest of the support trendline being back in the end of 2022. At the moment, Nasdaq is retesting the upper resistance trendline and if we actually see a breakout over the next 2 months, we might see a similar rally of +50% compared to the one which we saw back in 2020.
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Keep your long term vision,
Philip (BasicTrading)
[Off the Charts w Mysfft] CPI and US FED interest rate decision
US CPI data and US Fed Interest rate decision both falling on the same day.
(This only happens 13 times since 2008!!)
Here, I look to share my thoughts on how the CME_MINI:ES1! (S&P index futures) along with the USD Dollar Index ( TVC:DXY ) can be expected to move in light of the 2 important economic news.
This is just me sharing from a top down analysis along with multi-asset point of view.
Will be happy to see your comments and know your thoughts.
ps. MYSFFT stands for:
Master yourself, flee from temptation.
Just like in the world of trading, it's always about mastering ourselves and avoiding the FOMO, GREED, TRIGGER FINGER, REVENGE TRADES.
Its to be a misfit in the world of trading and to be a game changer.
Cheers!
Trade safe and stay safe peeps.
HDFC AMC: A 5 Years Consolidation StockHDFC AMC is an Asset Management Company.
Fundamentals of the stock are great.
Profits rising every quarter.
Fiis increased stakes.
ICT Long setup Swing Trade NZDUSD👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in Forex: NZDUSD for Swing trade.
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Since an important news about USD is coming, so small lot then small risk!
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
WTI bull runHello traders! I am currently looking at oil. I noticed a strong trend line that it bounced off from. we can see it heading to 92.00 and eventually 111.00 drop a like if you agree. follow for more ideas. thanks.
Looking bullish soon for INTC?🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
3rd wave (final) is coming!The 3rd wave has most of the time the best experience cause this move should create greed. So this will be a strong steep push if it plays out like I'm expecting.
Alibaba - Back to bearish (not)?Hello Traders and Investors, today I will take a look at Alibaba .
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Explanation of my video analysis:
After Alibaba broke below the major support trendline in 2021 we saw a massive correction of -75% towards the downside. Alibaba was then retesting another major level, this time a previous support area which is at $60. So far Alibaba stock is still respecting the bearish trendline, but it is just a matter of time until we will see a bullish trading opportunity on this stock.
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Keep your long term vision,
Philip (BasicTrading)
EURCHF: Very Bearish Setup 🇪🇺🇨🇭
EURCHF looks very bearish after a breakout of a neckline
of a descending triangle on a daily.
I think that the pair will drop lower.
Next support - 0.959
❤️Please, support my work with like, thank you!❤️
Up-trend stocks: ROBINHOODUp-trend stocks, Break accumulated Phase, Market Structure Shift and Break Market Structure.
Volume Profile shows accumulation as Normal Distribution.
When the price can break up, it is a Buy on breakout and Buy on dip point all the way by framing the trend line channel.
Story Support: Robinhood to acquire crypto exchange Bitstamp in $200M deal.
Buy Abercrombie & FitchShort Term Trading Advice by Naranj Capital
Buy Abercrombie & Fitch
● Buy Range- 180 - 185
● Target- 200 - 205
● StopLoss- 170
● Potential Return- 8-11%
● Duration- 12-14 Trading Days
MAX INDIA - Excellent Daily VCP Poised for a minimum 20% upmove.1) The stock is in uptrend in all major timeframes.
2) The stock is in weekly consolidation since JAN 2024 - 4 Months old weekly consolidation.
3) The stock shows strong volatility contraction in Daily, looks poised for breakout.
4) Weekly,Daily,4H & 75 min RSI Intact - Momentum in play.
Entry around 230, Best - Between 215-220.
SL - 214 Daily closing basis.
Target - 330.
Follow me on my channel for regular updates.
GICRE - Swing Trade 17% ROI Potential1) Stock is reversing from a 6 weeks old consolidation at a major weekly support - Previous low.
2) Stock is in uptrend
3) Daily is showing Bullish RSI Divergence.
4) Daily Price indicates compression Breakout as well.
My entry - 350
Target - 400
SL - 325
RR - 1:2
DIAMONDYD 8R Trade set up1. Trend: Bullish
2. Set up: Reversal
3. RR: 1:8+
4. Perfect reversal from the support trend line.
5. Big rounding bottom breakout is expected this time and 166% TP may get hit
INFOBEANHi guys, In this chart i Found a Demand Zone in INFOBEAN CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
Gold - Another 15% rally from here!Hello Traders and Investors, today I will take a look at Gold .
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Explanation of my video analysis:
For about four years, Gold has over and over again been retesting the psychological $2.000 resistance level. It was actually just a matter of time, until we see the breakout which happened exactly three months ago. So far Gold is looking very bullish and there is absolutely no reason why this strength should turn around in the near future.
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Keep your long term vision,
Philip (BasicTrading)
IRCTC - Ready for a HUGE move? Aiming around 80%+ gains! IRCTC is set to double once it clears key resistance levels!
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Weekly TF View:
Here's the plan:
- Critical Level: Watch for a daily candle close above ₹1000. This signals the first entry point around ₹1027.
- All-Time High Alert: If the weekly candle closes above ₹1300, prepare for a potential Marubozu candle, indicating strong bullish momentum. This will be our second entry point.
- Strategy: Entering before the breakout to catch the bottom. Remember, risk management is crucial. The market is supreme; we adapt.
- Price is bouncing from the important fibonacci support area. Showcasts buyers are strong!
Let’s wait and watch the show unfold!
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Stay tuned for updates as IRCTC approaches these critical levels. Happy trading!
Disclaimer: This is NOT a buy/sell recomendation. This post is meant for learning purposes only. Please, do you due diligence before investing.
Thanks & Regards,
Anubrata Ray
BPCL: Gearing up fly high - Know Why!Daily Time Frame:
Key Points:
Breakout Confirmation: The stock has decisively moved past its 4 years long resistance, confirming the breakout.
Volume Surge: Accompanied by high trading volume, indicating strong market interest.
Target Potential: Eyeing a 50% upward move based on technical analysis.
Why This Matters:
Momentum: Breakouts like this often lead to sustained trends.
Opportunity: Ideal for traders looking for growth stocks with strong technical setups.
- Above 620 it will start to shoot and also EMAs have confirmed the bullish trend continuation.
- If you have liked my chart reading and analysis, don't forget to leave a comment and boost the post.
- Wish you all a profitable trading journey. Cheers!
Disclaimer: This is NOT a buy/sell recomendation. This post is meant for learning purposes only. Please, do you due diligence before investing.
Thanks & Regards
TSLAHi guys,
In this chart i Found a Demand Zone in TSLA CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
USD/JPY LongContext:
• W and M showing (yet to be confirmed) rejections: Neutral with bullish touch
• Respecting Daily FVGs
• 2h big bullish FVG, 4h close above equal Highs
Idea:
• Entry in area between 156.600 - 156.15 with LTF reversal (e.q. 1h)
Scenario:
• Entry area should be approached without bearish FVGs
• 4h close below 156.49 (Equal Highs): Caution!
Scenario terminated:
• 4h Retracement below 156.15: Trade is off
Stop:
• Determined by your entry setup
Please feel free to comment with other ideas or questions.
